REGISTERED COMPANY NUMBER: 04833113 {England and Wales REGISTERED CHARITY NUMBER: 1099203 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR ThE TETBURY MUSIC FESTIVAL Randall & Payne LLP Chartered Accountants Chargrove House Shurdington Road chenhaM Gloucestershirg GL514GA
THE TETBURY MUSIC FESTNAL CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Page Reference and Admlnlgtratlve Detsils Rgport of the Trustegs Ind8p9ndgnt Examlner's Report Statement of Financial Activities Balance Sheet Notss to tho Flnanclal Statements 9 to 15 Detailed Statement of Financial A¢tlvltles 16
THE TEfBURY MUSIC FESTIVAL REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2025 TRUSTEES J Golob A Graves C Weller Knight H Prlday C Rose G A Whee1er-Carmhael REGISTERED OFFICE Park Farm Shiplon Moyne Tetbury Glos GL8 8PR REGISTERED COMPANY NUMBER 04833113 {England and Wales) REGISTERED CHARITY NUMBER 1099203 INDEPENDENT EXAMINER Randall & Payne LLP Chartered Aecountants Chargrove House Shurdinglon Road Chellenham Gloucestershire GL51 4GA SOUCITORS Tanners Solicitors Lancaster Hous8 Thomas Street Cirencesler Gloucestershire GL7 2AX Pagè 1
THE TETBURY MUSIC FESTIVAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Th8 Trustees present their annual report together with the financral statements of the company for the 1 January 2025 to 31 Dember 2025. The trustees confinn that the Annual Report and financial statements of the company cornply llih the current slalutory requirements, the requirements of the companVs governing document and Ihe provisions of the Statement of Recommended Practice ISORP}, applicable to charrties preparing their accounts in accordance wf(h Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS1021 {effective 1 January 20151 as amended by Update Bulletin 1 leffective 1 January 20151. Since the company qualrfies as small under section 383, the strategic report required of medium and large companies under Tho Companies Act 20CE (Strategic Report and Directovs Rèport) Regulations 2013 is not required. 0ECTIVEs AND ACTIVITIES Objectlves and actlvStles The objects for which the charity was established are lo 'promote, maintain, improve and thance the education of the public in the art and science of music by the presentation of public concerts and rocitds., The Tetbury Music Festival of 2025 consisted of concerts over fivo days, 27th September and 2nd- 5th October 2025, fuwilling the charills objectives as detailed above. Publlc benefit The Trustees are awara of The Charity Commisston's Public Benefit rules and ks guidelines 88 to inlerprelation of the relevant section of the Charities Act 2011. They are salisffed that the objects of the Charity and the actimlies of the Charity are wthin the definf(ions of Charitable Purposes as set down in the Act. The Trustees are not aware of any public delrimenl caused by the Chariws objecls or xtiviti&s, and nor are they aware of anyon8 recewing any fom of private benefrt from the Charty's activities. VolunteeTr3 The Festival continues lo be the grgleful beneficiary of the pro bono work of its Trustees and supporters. ACHIEVEMENTS AND PERFORMANCE Review of activities We again presented programmes and perfomiers of the highest artistic standards, and the Fesliwal's reputation for excellence has continued lo grow. We continued to keep ticket Pri$ 88 low as possible {from £10 to £40), keeping the prices acioss all categories of seals the same as in 2024. Once again we offered free access lo children behveen 8 and 16 when accompanied by an adult. We remain proud that a significant portion of OUT audiencg comes from within a radius of 20 miles of Tetbury, but our audience also consists of music lovers from much further afield. Folk)wing the succèss of the Saturday prOncert lecture slot in prevKJus ygars, we repeatgd this fom)ula this year with a relevant lecture on the aftemoons of of the concerts, in each case from the highly distinguished Sir Nicholas Kenyon. Both wer8 held at the nearby Tetbury Go(Kls Shed Arts Centr8 and the feedback was uplffting. We are most grateful lo the Rev Sarah Haard and the Telbury PCC for allowng us to use St Marys, Church for our concorts, for which privilege the Festival pays a chaige. FINANCIAL REVIEW Principal funding $our¢es The FrndS of the Telbury Music Festival - the 'Dolphins' _ are coliectively and individually very important donors and supporters. Their numbers, and thus their financial support, continues to grow each year with the number of subscribing Dolphin8 hawng reached a record 217 in 2025 lup from 200 in 20241. Sir Martin and Lady Smrth in particular continue lo contribute in a meaningful way by making their home available lo the Fests'val when such a venue is needed and their accompanwng hospitalty ig undoubtedly lo the bènefrt of the charity and its objecltves. Pag& 2
THE TETBURY MUSIC FESTIVAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 FINANCIAL REVIEW ReseNes pollcy Taking into consideration the uncertainty of what may happen at any given time Icowd and the challenges of operating then th8 country is in lockdown being the most recent example to cf(el. the ever rising cost of fiving and a goneral sense amongst many that they have less disposable income than they once did, the Fe8twal deems rt prudent to rnaintain reserves al a lovel al which the Trustees cOnser would be sufficient to withstand a reduction in income for these or any other factors that may cause the Festival to not go ahead or face a material diop in ticket sales. A base levd of £50,000 of unrestricted funds is considered by the Trustees to b8 a minimum prudent resetVO to have in the bank at any Calendar year end. These roserves, which we reeW on an ongoing basis, enabl¢ the Festival lo have the confKJenc8 to embark on projocls which, while advancing the standing of the Festwal and maintaining ils artistic integrity, may carry a dogree of financial risk. At tho end of 2025 our reserves stood usefully above that £50,000 base level number. As at 31 December 2025, reseNes con$isled of £109,830 (2C124: 98,878) general, unrestricted and desJnated reserves. These are held to enable the Continued operations of the charity. Going concgrn After making approprlale enquiries. the Trustees have a re8sonable expeclalion that the company has adequate resources lo continue in operallonal existenc& for the foreseeable future. For this reason they continue lo adopt the going concern basis in preparing the financial statements. Further dètails regarding the adoption of the going concem basis Can be found in the Accounting PoIles. FUTURE PLANS The festival is, for the first lime. hosting a Song Weekend on 13th & 14th March 2026 lo be held. at Weslonbirt School, a m&re 3 miles from Tetbury. With a lenor and piano on the first evening and a soprano and piano on the second, these Iwo differing and specially curated evenings in a richly decorated and intimate sotting broadens the festival's footprint. This is a new addrf(ion to our offering and one which, depending on the success of thesg first two nights. we very much hope will become an annual event in March in futurg ygars. The charity wll continue to operate in line with historic operations, with the 2026 Tglbury Music Fèstival programme already available and foaluring 5 concerts bethen 26th September and 4th October. STRUCTURE, GOVERNANCE AND MANAGEPIIENT Govemlng document The charty is controlled by ils goveining dccumenl, a deed of trust, and conslilute$ a limited Company, limited by guarantee, as defined by the Companies Act 2006. Charlty constitution The company is registered as a charitable company limrted by guarant9& and was 8et up by a Memorandum of Association on 10 July 2003. The company is also a registered charty uncler the number 1099203. The principal objecl of thg company is to promote, maintain, improve and advance the education of the public in the art and science of music by the presentation of public concerts and recitals. RlIMent and appolntmènt of new trustees The management of the company is the responsibilty of the Trustees who are elected and ¢0p1ed under the terms of the Artlcles of AsBociation. The Tetbury Music Festival is govemed by a Board of Trustees,. Ihero were six Truslees during 2025. There is no kn'me limit on the number of years a Trustee may setve. Page 3
. THE TÈTBURY MUSIC FESTIVAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 STRUCTU GOVERNANCE AND PJlANAGEMENT Oryanisational structure The management team induded Pam Johnson and Sam Jones, our two part-time Fgslival Adminlstrators. The Festival employs a Concerts Manager, Nicholas Ullmann,"during the Festival. The 2025 Festival was Jonathan Cohen's 12th and last Festival as AStIC Director his first having been in 2013. He has played a huge important role over his tenure for which we will long be grateful. In his stead we have ap)DIn1 Sir NhOlaS Kenyon as the Festival's artistic advisor, Sir Nicholas brings a wealth of knowledge and experience to the Festival having had a dislinguishod career in this space and we ate all looking fotward lo worf<iny closely wf(h him over the years ahead. Rlsk manag8mont The Trusls have a duty to identrfy and review the risks lo which the charty is ewsed and lo ensure appropriate controls are in pla¢0 lo provide reasonable assu¥anGe against fraud and error. The Board of Trustees is responsible for the management i)f the risks faced by the charity. In the winion of tho Trustees, however, there are rto majof risks to which the Charity is exposed, and continued responsible administration will ensure that there is no budget deficrt. Approved by order of the board of trustees on ........... and Signed on rts behalf by.. Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE TETBURY MUSIC FESTIVAL Independent examingr's report to the trustees of The Tetbury Music Festival {Ihe Company'l I report to the charity Iruslees on my examination of the accounts of the Company for the year ended 31 December 2025. Responsibilitles and basis of report As the charitys trustees of the Company {and also ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 {Ihe 2006 Art)- Having satisfied myseW that the accounts of tho Company arg not required to be audite&under Part 18 of the 2008 Act and are aligible for independent examination. I reptsrt in respect of my examinalK)n of your charity's accounts as carrled OLrt under Section 145 of the Charities Act 2011 I'lhe 2011 ACVI. In carrying oul my examination I have followed the Directions given by the Charity Commissk)n under Section 145(5} {bl of the 2011 Act. Indepondent examlnev's statement I have completed my examination. I confirm that no m8tter8 have come to my attention in conneclion wth th& examination givtng me cause to believe.. accounkn'ng record5 were not kept in respect of the Company as required by Section 386 of the 2008 Act.. or the accounts do not accord with those Cords., or the accounts do nol comply with the accounting requirements of Section 396 of the 2006 Act olheT than any Tequirement that the accounts gwe a true and f8ir view which is not a matter considered as part of an independent examination., or the accounts have not been ppared in accordance wlh the m8lhods and principles of the Statement of Recommended Practice for accounting and repotting by charities lapplicable to charities preparin9 their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021}. I have no concerns and have come across no other matters in connection wlh the examination to which attention shoukl be drawn in this report in order to ertablo a proper understanding of the accounts to ba reached. Nicola Cairns FCCA. MAAT Randall & Payne LLP Chartered Accountants Chargrove House Shurdington Road Chef(enham Gloucestershire GL514GA Date. ...i.ol.sI.2L).26.... . Page 5
THE TEfBURY MUSIC FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total funds 2024 Total fvnds Unreslriclgd Restricted funds funds Nolas INCOME AND ENDOWMENTS FROM Donations and 35.780 35,780 29,296 Charftable actlvltles Tetbury Music Festival 52,461 52,461 63,815 Investment income 874 874 1,208 Total 89,115 89.115 94.319 EXPENDITURE ON Raising funds 2,978 2,978 1,125 Charitabla actlvltles Tetbury Music Festlval 75,185 75,185 79,505 Totsl 78,163 78,163 80,630 NET INCOME 10,952 10,952 13,689 RECONCILIATION OF FUNDS Total funds brought forward 98,878 96,878 85,189 TOTAL FUNDS CARRIED FORWARD 109,830 109.830 98,878 .The notes fomi part of these financial statements Page 6
THE TETBURY MUSIC FESTNAL BALANCE SHEEr 31 DECEMBER 2025 2025 Total funds 2024 Total funds Unrestricted Restricted funds funds Notes cuRRETr ASSETS Debtors Cash at bank 7,055 108,104 7,055 108,104 5.526 98,596 115.159 115,159 104,122 CREDITORS Amounts falling due wlhin one year. 15,3291 15,3291 15,2441 NET cuRREr ASSETS 109,830 109,830 98,878 TOTAL ASSETS LESS CURRENT UABILITIES 109,830 109,830 98,878 NET ASSETS 109,830 109,830 98,678 FUNDS Unrestricted funds 109,830 98,878 TOTAL FUNDS 109.830 98,878 Tho charitable company is enlilled to exemption from audlt under Sedion 477 of the Companies Act 2006 for the year ended 31 December 2025. The members have not required the company lo obtain an audit of its financial statem¢nts for the year ended 31 December 2025 in ac¢ordance wlh Se¢tion 476 of the Companies Act 20. The trustees acknowledge their responsibiltbes for lal ensuring that the charrtable company keeps accounting records that complywlth Sedions 386 and 387 of the Companies Acl 2tX)6 and Ib} piopanng financial stslemenls whlch givg a true and fair vw of the statg of affairs of the charitable company as at the end of each financial yoar and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othetWi8e comply with the requirements of the Companies Act 2006 relating to financial slalemenls, so far as applicable lo the charitable company. The note8 form part of these financial st8lemenls Page 7 continued...
THE TETBURY MUSIC FESTIVAL BALANCE SHEEf- contlnued 31 DECEMBER 2025 These financial statements have boen prepared in accordance with the provisions appllcable to charitable companies subject to the small companies regime. Tho financial Statements were approved by the Board of Trustees and authorised for iSSLie on and were signed on its behalf by.. A Graves - Trustee The notes form part of these financial statements Page 8
THE TETBURY MUSIC FESThIAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Basls of preparing the financial statements The financial statements have boen preped in accordance with Accounting and Reporting by Charities.. Statamenl of Recommended Prsetice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablè in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151- (Charities SORP IFRS 11)21}, the Financial Reporling Standard appIable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. The Tetbury Music Festival meets the definition of a public benefit enlify under FRS 102. Assets and liabilities are initially recognised al historical co61 or transaction value unless olheM8e stated in the relevant accounting policy. Company status The company is a private company limf(ed by gLFarantse incDrp¢)rated with Engiand & Waies. The company's fft&istered address and Trustees land directors for purposes of Company Lawl are detsik on the Reference ?nd Administrative page. In the event of the company being wound up, the liability in respect of the guardnlee is limited lo £1 per member of the company. The chartys operations and the principal activity of the company 18 to provide musical concerts and recrtals to member8 of the public. Income Al income is recognised in the Statement of Fln8ncial A¢liMlies once the charty has enlillement lo the funds, it is probable that the income will be received and the amount can be mgasured reliabty. For legacies, entrflement is taken as the earlier dale on Which èither. the company aware that probate has been granted, the estate has been finali8ed and notification has been made by the execulorls) lo the Trust that a distribution wll be made. or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executors intenlKJn lo make a distribution. Where legacies have been notified lo the company. OT the company is awarg of the granting of probate, and the criteria for income recognition have not been met, then the isgacy is treated as a contingent asset and disclosed if material. Donated services or facilities are recognised when the company has control over the item, any conditions associated wlh th8 donated item have been mel, the receipt of economic benefit from the use of the company of the item is probable and that economt benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, the general volunteer Ilme of tho Fiiends is not recognised and refer to the Trustees. report for more infom)alion about their conthknution. On receipt donated professional Services and donated facile$ are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing lo pay to obtain sgrv¢ces or facilities of equivalent economic benefit on the open market,. a corresponding amount is then recognised in expenditure in the period of receipt. Inter6st on funds held on deposit is included when receivable 2nd th8 amount can bg measured rsliabty by the company.. this is normal upon n(rtrfication of Interest paid or payable by th& bank. Income tax recoverable in relab'on to donations received under Gift AMI or deeds of cov6nant is reoognised al the lime of the donation. Income tsx recovorable in retalion lo inve8tment income is recognised at the time the investment income is receivable. Page 9 continued...
THE TEfBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POUCIES- continued Expendlture Expenditure is rOgnised 0e there is a legal or constructive obligatlon to transfer economic benefit lo a third party, il is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by aclivty. Tho costs of each aclivty are made up of the total of dirgct costs and shared costs. including support costs involved in undertaking each actiwty- Direct costs attributable to a single acliwty are allocated directly to that activity. Shared costs which contrlbule to morè than one actIty and support C081s which are not attributable lo a single activity are apportioned betweèn those aetivities on a basis consistent with the use of Tesources. Administrative costs are allocated on the basis of time spent, and depreciation charges allocated on thè portion of the assgt's use. Support costs are thoBe costs incurred directly in support of expenditure on the objects of the company and include projocl management carried OLrt at Headquarters. C08ts of generating fund8 are costs incurred in attracting voluntsry income. and those incurred in trading tLtiirites that raise funds. Charitable aclivtti'es and Governance costs are costs incurred on the compan5 operaions, ineluding support costs and costs relating lo the governance of thè company apporboned to charitable aclivitios. Taxation The company is considered to pass the 18818 sel out in Paragraph 1 Schedule 6 of the Finance Act 201 O and therefofft il meets the definition of a charitable company for UK Corporation Tax pury)oses. Accordingly, the company is polenlialy exempl from taxation in respect of income or capital gains received within Categories cov&red by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gain8 Act 1992, to the extent that Such InMe or gains are applied 6xclusively to ch8ritsble purposes. Fund accounting General funds are unrestricted funds which are available for use al the discretk?n of the Twslees in furtherance of the general objedives of the company and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aslde by the Trustees for particular purposes. The aim and use of esch designated fund is sel out in the notes to the financial statements. Restricted funds are funds whl¢h are to be used in accordance with sp1¢ restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administerrng such linds are charged against the specific fund. The aim and use of each restricted fund is sel out In the notes to the financkil statements. Investment Income, gains and1088es are allocated to the appropriate fund. Addloal policie5 Going ¢oncem Thore are no material uncertainties that may cast signific8nt doubl on the Charitls ability to eontinue as a going concern. The Irustegs are of the opinion that reserves remain sufficient for the objectives of the Ch2rty to be achieved in the next 12 months. Debtors Trade and other deblors are recognised at thè settlemgnt amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Cash at bank and in hand Cash at bank and in hand includes Gash and short temi highly liquid Investmer wlh a short maturity of three months or less from the date of acquisition or opening of the deposrt or similar accounL Page 10 continued...
THE TETBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES- continuod Addltlonal poli¢1oS Llabllltl6s and provlslons abilities are recognised when there is an obligallon at the Balance sheet date as a resum of a past event, il is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabiltiies are recognised at the amount that the company anticipates it will pay lo settle the debt or the arnounl f( has received as advanced payments for the good or services it musl provide. Provisions are measured at the best estimate of the amounts required to settle the obllgation. Where the effect of the time value of money is materlal, the provision is based on the present value of those amounts, discounted at the pre-tsx discount rale that reflects the risks specFfic to the li8bility. The unwinding of the dlscount 18 reGogni8ed thIn interest payable and similar charges. Financlal Instruments The company only has fin8riGial assets and financial Ilabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequontly measured at their settlement value wlh the exceplKin of bank loans which are subsequent measured at amortised cost using the effective interest method. DONATIONS AND LEGACIES 2025 2024 Donalions Gift aid 29,727 6,053 23,770 5,526 35.780 29,296 INVESTMENT INCOME 2025 2024 Deposit account interest 874 1,208 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees, rwnuner81ion or other benefts for th8 year ended 31 December 2025 nor for the year ended 31 Detsmber 2024. Trustèè5' expgnses There were no trustees,. expenses paid for the year ended 31 December 2025 nor for the year endèd 31 Dècember 2024. Page 11 conlinugd...
THE TETBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2025 COMPARATIVES FOR THE STATEMENT OF HNANCJAL ACTIVITIES Unrestricted funds Restricted funds funds INCOME AND ENDOWMENTS FROM Donations and legaGies 29,296 29,296 Charltable activltle5 Tetbury Music Festival 63,815 63,815 Investment income 1,208 1,208 Total 94,319 94,319 EXPENDITURE ON Raising funds 1,125 1.125 Charitable actlvities Tetbury Music Feslwal 79.105 400 79.505 Tolal 80,230 400 80,630 NET INCOMEI{EXPENDITURE} 14.089 {400) 13,689 RECONCILIATION OF FUNDS Total funds brought forward 84,789 400 85.189 TOTAL FUNDS CARRIED FORWARD 98.878 98,878 DEBTORS: AMOUNTS FALLING DUE IMTHIN ONE YEAR 2025 2024 other debtors Prepayments and accrued Income 6,055 1,000 5,526 7,055 5,526 Page 12 tontinued...
THE TETBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Payments on account other creditors ACcrUS and deferr income 1.530 894 2,905 1,740 600 2,904 5,329 5,244 MOVEMENT IN FUNDS Net movement in fund8 Al 31112r25 At 111125 Unrgstrlcted funds General fund 98,878 10,952 109,830 TOTAL FUNDS 98,878 10,952 109,830 Net movement in fundg, included in the above are as folbw8: Incoming resources Resources expended Movement in fund$ Unrestri¢ted funds General fund 89,115 178,1631 10,952 TOTAL FUNDS 89,115 178,1831 10,952 Comparntlves for movement in funds Net movement in funds At 31112124 At 111124 Unmtrfcted fund$ General fund David Thomas Trust 74,789 10,000 24,089 110,0001 98,878 84,789 14,089 Restrfcted funds Music in k)cal schools 98,878 400 14001 TOTAL FUNDS 85,189 13.689 98,878 Page 13 continued...
THE TETBURY MUSIC FESTIVAL NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 MOVEMENT IN FUNDS- continuod Cunparatwe net movement in funds. included In the above are as follows". Incoming resource8 Resour Movemgnt expended in funds Unrestrictgd funds General fund DavKI Thomas Trust 94,319 {70,2301 110,0001 24.089 110,0001 94,319 Restricted funds Music in bcal schools 180.2301 14,089 {4001 {4001 TOTAL FUNDS 94,319 180,6301 13,689 A current year 12 months and prior year 12 months comblned position is as follows.. Net movement in funds Al 31112r25 At 111r24 Unrnstricted funds General fund Dd Thomas Trust 74,789 10,000 35,041 110,000) 109,830 84.789 Restricted funds Music in local schools 25,lJ41 109,830 400 {4001 TOTAL FUNDS 85,189 24,641 109,830 A current year 12 months and pri)r yeai 12 months combined net movement in funds, Included in th8 above are as follows.. Incoming re80urces Resource$ expended Movemgnt in funds Unrestrlcted funds General fund David Thomas Trust 183,434 1148,3931 110,0001 35.041 {10,000) 183,434 Restrfcted funds Music in k)cal ¥Ghools 1158,3931 25,041 {4001 {4001 TOTAL FUNDS 183,434 1158,7931 24,641 Page 14 continued...
THE TETBURY MUSIC FESTIVAL NOTES TO THE FINANCL4L STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2025 RELATED PARTY DISCLOSURES A number of Trustoes and their close family members are also meMr$ of the Dolphin Membership Scheme and pay the relevant membershlp subscriptions. These subscriptions, and for 2025 donations. amounted to £1,250 (2025- £1,250} in the year ended 31 December 2025. Thgre were no oulslanding balonce8 Wrth related part*s at 31 December 2025. Page15
THE TETBURY MUSIC FESTIVAL DEfAILED STATEPIiENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 INCOME AND ENDOWMENTS Donation$ and legacles Donations. Gift aid 29,727 6,053 23,770 5,526 35,780 29,296 Investment income Deposit account interest 874 1,208 Charltable actlvltle5 Festival Ilcket sales Sale of wne and programmgs Grant8 and sponsorship Other income 42.591 4,681 5,000 189 40,770 4,245 18,81)0 52,461 63,815 Total Incomlng rosources 89,115 94,319 EXPENDITURE Raislng donations and legacles AdminislratNe expenses 2,978 1,125 Charltable activities Ticket sale fees Artl8t fees and expenses Catering and refreshment Other feslwal expenses Marketing Examination fees Music in local schools 783 46,282 2,357 14,937 8,918 1,908 1,284 45,896 3,575 15,658 10.784 1,908 600 75,185 79,505 Total resources expended 78,163 80,630 Net income 10.952 13,689 This page does not fom) part of the statutory financial 8tatements Page 16